Thinking about quitting my job... to trade stocks | |
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Anonymous Coward (OP) User ID: 1212477 United States 12/01/2012 08:08 AM Report Abusive Post Report Copyright Violation | FOREX is probably a better bet. Far, far less manipulation than the stock markets, and absolutely massive in terms of money flow. Quoting: Anonymous Coward 28837233 I'm looking at subscribing to a system marketed by a very savvy and successful FOREX trader. Careful. Many guys who sell systems are either secret failures, or could not handle the stress anymore and decided it was easier to sell a system than trade (true!). And some sell their wares in order to fund their losing gambling habits. |
Anonymous Coward User ID: 28837233 United Kingdom 12/01/2012 08:12 AM Report Abusive Post Report Copyright Violation | FOREX is probably a better bet. Far, far less manipulation than the stock markets, and absolutely massive in terms of money flow. Quoting: Anonymous Coward 28837233 I'm looking at subscribing to a system marketed by a very savvy and successful FOREX trader. Careful. Many guys who sell systems are either secret failures, or could not handle the stress anymore and decided it was easier to sell a system than trade (true!). And some sell their wares in order to fund their losing gambling habits. In the UK, we can play FOREX through "spread betting" at as little as £1 per pip. So, getting your feet wet won't cost you the farm. Any gains are totally tax-free. The guy I'm referring to is named Ian Williams, and has a public track record second to none in the FOREX markets. I don't believe he's a scammer. |
Anonymous Coward (OP) User ID: 1212477 United States 12/01/2012 08:22 AM Report Abusive Post Report Copyright Violation | In the UK, we can play FOREX through "spread betting" at as little as £1 per pip. So, getting your feet wet won't cost you the farm. Quoting: Anonymous Coward 28837233 Any gains are totally tax-free. The guy I'm referring to is named Ian Williams, and has a public track record second to none in the FOREX markets. I don't believe he's a scammer. "I bought a thang called Market Raider from a guy called Ian Williams which serves me up forex setups very regularly - and it is then up to me to assess the strength of the set up and choose what to do next. It saves me hours of trawling charts, but left to its own devices would have broken the bank a thousand times over. I AM NOT RECOMMENDING IT here. I think as a time saving tool some bots are quite useful - but nothing will do the best decision making for you but you! That's why bankers deserve their bonuses!" [link to www.forexfactory.com] |
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Anonymous Coward User ID: 1450879 United States 12/01/2012 08:35 AM Report Abusive Post Report Copyright Violation | Isn this a dnagerous tiome to get into that given the markets due for an adjustment downwards at any time? Quoting: Anonymous Coward 1450879 Yes, if a person only bets that the market will rise. I also bet against the market at times. It just depends. ok, so youre head isnt in the clouds and you short, plus a lot of other definitions i probably dont know Well it takes courage to make a change like that, good luck op, you wont know until you do it and commit to it full time. Youll regret it if you dont for the rest of your life. I say do it. |
Anonymous Coward (OP) User ID: 1212477 United States 12/01/2012 08:38 AM Report Abusive Post Report Copyright Violation | Isn this a dnagerous tiome to get into that given the markets due for an adjustment downwards at any time? Quoting: Anonymous Coward 1450879 Yes, if a person only bets that the market will rise. I also bet against the market at times. It just depends. ok, so youre head isnt in the clouds and you short, plus a lot of other definitions i probably dont know Well it takes courage to make a change like that, good luck op, you wont know until you do it and commit to it full time. Youll regret it if you dont for the rest of your life. I say do it. Yikes. I may actually do it. Scary. :) |
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Anonymous Coward (OP) User ID: 1212477 United States 12/01/2012 08:43 AM Report Abusive Post Report Copyright Violation | I don't think it's necessary anymore. Now you can trade currencies using ETFs. Of course you can only trade ETFs during market hours whereas Forex is open all night. I guess it just depends on what your goals are. My system is based around stocks so I probably would shy away from Forex, but I'll keep it in mind going forward. |